50 SKY SHADES - World aviation news

GECAS Places $2.9 billion CFM LEAP-1A engine order

Download: Printable PDF Date: 19 Jun 2017 07:13 categories:
Publisher:
GECAS Places $2.9 billion CFM LEAP-1A engine order - Events / Festivals publisher
Krista Kuznecova
Country: France Aircraft: Airplanes

GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE announced a firm order for 200 CFM International LEAP-1A engines to power new Airbus A320neo family aircraft.

CFM values the agreement at more than $2.9 billion U.S. at list price. The airplane order was announced earlier today.

“The LEAP-1A has done extremely well in commercial service and our customers are very pleased with the engine,” said Alec Burger, President and CEO of GECAS, “The LEAP-1A-powered A320neo family with proven increased fuel efficiencies, high utilization rates, and longer range will continue to be one of our core assets in our lease portfolio.”

“We are very pleased to further strengthen our relationship with GECAS,” said Gaël Méheust president and CEO of CFM International. “We appreciate their confidence in the LEAP product line and look forwarding to delivering an exemplary product to them.”

The LEAP-1A engine entered commercial service in August 2016 and is providing its 14 operators with a 15 percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; and lower noise and NOx emissions. To date, the fleet in service has logged more than 77,000 engine flight cycles and more than 145,000 engine flight hours while maintaining CFM’s industry-leading reliability.

Image result for GE Capital Aviation Services

Related event:
19
June
2017
France, Paris, Le Bourget Parc des Expositions .


Archived
2 months ago



Loading comments for GECAS Places $2.9 billion CFM LEAP-1A engine order...


Recommended

Boeing, EL AL Israel Airlines Celebrate Delivery of First 787 Dreamliner

Boeing EL AL Israel Airlines and Air Lease Corporation are celebrating the delivery of the carrier's first Boeing 787 Dreamliner today. EL AL leased the airplane through an agreement with...

Rolls-Royce Trent 1000 TEN Receives Certification

The Rolls-Royce Trent 1000 TEN, which will power all variants of the Boeing 787 Dreamliner, has been granted full flight certification from the European Aviation Safety Agency (EASA). This important m...

Ryanair's O'Leary would be interested in buying all of Air Berlin

Ryanair would be interested in bidding for the whole of insolvent German carrier Air Berlin, but it needs access to more data on the airline's finances, Chief Executive Michael O'Leary to...

BACA calls for an urgent review of regulations for private flight cost-sharing platforms

BACA – The Air Charter Association is calling for an urgent review of regulations for the practice of bookings made on a private flight, cost-sharing basis. The Association is suggesting that gl...